The relationship between financial performance and corporate social responsibility (a study of 63 issuers of the Mexican Stock Exchange)

Abstract

Civil society demands companies to be conscious about the impact their actions generate in interested third parties. This paper presents an investigation that aims to demonstrate the relation between financial performance (FP) and corporate social responsibility (CSR) among the companies studied on the Mexican Stock Exchange (BMV), in order to motivate the implementation of CSR in several other Mexican organizations. The results suggest a positive correlation between FP and CSR for the studied companies that own plants or foreign branches.